The thought of going through the foreclosure process is not one that anybody gets excited about. However, this is reality for thousands of homeowners throughout the country every year.
Anybody who is faced with the prospect of foreclosure can learn more by contacting their lender and asking the right questions. You need to be open and honest with your lender. This allows them to see that you are serious about fixing your problem as opposed to running away and hoping for the best.
The foreclosure process will differ from one state to the next, however, there are five basic stages that make up the timeline.